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Growing Your Green Industry Business: Know your Options and How to Evaluate Them

In the green industry, business owners often reach a pivotal point where they find themselves at the crossroads of deciding whether to maintain or grow their already blossoming business. The most ideal time to consider growing and expanding your business is when business is good and all signs point to a bright future. This will not only help expand your business when it’s booming but it’ll also provide relief when the economy cycles in the opposite direction. When you diversify, you’ll have more stability to handle economic ups and downs […]

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How Diversification Can Make a Difference?

Diversification can improve your current business. This is especially true regarding investments, which is a great frame of reference for understanding the importance of diversification. If 2020 has taught us anything, it’s that life is unpredictable, and anything is possible. The best way to protect your business is to ensure that your success is not dependent upon one revenue stream – aka: diversification. Let’s explore some of the benefits of diversifying your business: Minimizing the effects of market volatility – Market volatility is unavoidable, but it doesn’t have to be unbearable. By diversifying your business, you reduce the overall risk that comes with market fluctuations. A boost in confidence knowing your business is […]

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Diversification and Investing: The Perfect Pairing

In the business world, terms are often tossed around in meetings and discussions with little context or that lack deep understanding. Some of these terms even rise to the level of “buzzwords” without an outline of what they mean or how they function in real life. As business leaders, we may find ourselves wanting to drill down on terms to ensure that our understanding is accurate, and our knowledge base is working for our business objectives. […]

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The Four Types of Diversification Strategies

As the workforce continues on a trend toward globalization and as competition becomes steeper than ever before, the need for a diversity strategy is transitioning from a “nice to have” to a necessity. Use this brief guide to help you unpack the four types of diversification and the strategies that align with each one.

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A Deep Dive Into Diversification & Why It Matters

Diversification is a buzzword that’s often thrown around as the secret sauce to success in your business. Still, truth be told, many of us may not have a deep understanding of what diversification actually entails and why it even matters. Let’s unpack what it means to diversify your business and get maximum returns on your investment in your business.

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When Is the Best Time to Diversify Your Green-Industry Business?

“If you’re not growing, you’re dying.” This well-worn aphorism has been attributed to seemingly hundreds of figures: poets, actors, business leaders, motivational speakers. While we may never know who first uttered the words, they ring true nonetheless. And they can be applied to personal as well as business growth. Many businesses have learned the hard way that placing faith in one revenue stream can be fatal: Blockbuster Video, for instance, ignored the signs that streaming was the way of the future — signs Netflix capitalized on — and their brick-and-mortar […]

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